Name: Loan Origination System
Author: LendingLink

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LendingLink Loan Origination System is a technology solution designed exclusively for the multifamily and commercial real estate (CRE) lending market. According to the vendor, its main purpose is to expedite loan approvals, provide precise pricing and terms, and enhance the borrower experience. LendingLink is suitable for lenders of all sizes in the multifamily and CRE lending market, catering to the needs of various institutions. This system is utilized by commercial real estate lenders, mortgage lenders, loan officers, underwriters, and loan processors across different industries.

## Key Features

**Real-time pricing**: According to the vendor, LendingLink's Sales & Sizing module offers real-time pricing for loans, automatically adjusting based on property metrics. This feature allows loan officers to quickly generate accurate term sheets and quotes.

**Simple deviations**: The module allows loan officers to easily review and monitor pricing exception requests, ensuring efficient handling of deviations from standard pricing.

**Increase application to close pull through rates**: The vendor claims that by implementing loan pricing and sizing controls early in the process, LendingLink helps increase pull through rates, reduce errors, and enables loan officers to focus on building relationships.

**Dynamic calculations**: According to the vendor, the module allows loan officers to size loans based on desired loan amounts, loan-to-value (LTV), or debt service coverage ratio (DSCR) constraints through linked calculations.

**Flexible sizing**: LendingLink's Sales & Sizing module offers both in-depth sizing and quick sizing options, providing loan officers with the flexibility to perform comprehensive loan sizing or make quick estimates.

**Robust underwriting analysis suite**: According to the vendor, LendingLink's Credit & Underwriting module provides a comprehensive toolset for evaluating property cash flow, rent rolls, borrower and guarantor analysis, streamlining the underwriting process and supporting accurate credit decision-making.

**Accelerate document collection with dynamic checklists**: LendingLink's Processing module features dynamic checklists that automatically react to changes in transaction type, property type, and borrower structures, streamlining the document collection process for loan processors and ensuring compliance.

**Borrower needs letters**: The module enables loan processors to generate up-to-date document requests with a single click, simplifying communication with borrowers and facilitating the collection of necessary documents.

**Comprehensive metrics**: According to the vendor, LendingLink's Asset Management module allows users to track and analyze key performance metrics, such as cash flows, rent rolls, and financial data of borrowers and guarantors. It provides a concise view of asset performance, aiding users in identifying areas for improvement and making informed decisions.

Basic

Loan Origination System

Loan Origination

LendingLink

The software allows lenders to manage the loan origination process, including application intake, underwriting, and approval.

Credit Scoring and Risk Assessment

This feature enables lenders to assess the creditworthiness of borrowers and the risk associated with different loan products.

Automated Underwriting

Refers to the use of algorithms to assist or replace human agents in the underwriting of loans.

Loan Workflow

Tools used by loan origination and servicing and servicing agents to streamline their workflows.

Loan Document Management

This feature allows users to store, manage, and track all loan-related documents, ensuring compliance and efficient processing.

Loan Workflow Automation

This feature helps to automate various stages of the loan process, improving efficiency and reducing manual errors.

Loan Software Integrations

This feature allows lenders to access credit reports and scores from major credit bureaus, aiding in the credit assessment process, and integrate with CRM tools and third-party databases to manage borrower relationships.

Loan Reporting and Analytics

Allows users to generate various reports and analyze data related to loan origination and servicing, helping to make informed decisions.

Financial Reporting and Compliance

Financial statements and regulatory filings

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Data Security

Tools and features that help keep data secure from unauthorized access or internal exposure.

At-Rest Data Encryption

Data at rest is encrypted, requiring decryption to read the underlying data.

In-Transit Data Encryption

Data is transmitted in an encrypted state, preventing interception of raw in-flight data.

In-Use Data Encryption

Data remains encrypted even when stored in non-persistent storage (RAM, CPU caches, and CPU registers). This prevents access to data through malware on an individual device.

Data Redaction

The product's capability to return redacted data in place of actual data when queried. For instance, a redacted query for the phone number 555-5555 could return ***-**55.

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Loan Origination Software

Loan Origination System

Overview

What is Loan Origination System?